Month: December 2018

ECB ends QE on a dovish note

The ECB ends QE but a dovish tone from Mario Draghi drove the Euro down a little today. “He’s playing the markets nicely”, says NAB’s David de Garis on today’s Morning Call podcast.

Will banks ever behave?

Banks develop speculative bubbles because they have risk mitigated by government bailouts. I ask Steve Keen how we change the behaviour of banks, so they lose out on risks, rather than holding the economy to ransom.

Tories vote on May’s leadership; China to open up market access to foreign firms

The markets have signalled their expectation for the outcome of the May leadership vote – listen to NAB’s Gavin Friend on The Morning Call. Plus, is China set to open market access for foreign firms?

China Car tariffs reversed and a government shutdown – mixed news from the US

Markets pulled both ways on conflicting news from the US – NAB’s Rodrigo Catril talks to me about the lowering of car tariffs and the threat of a government shutdown.

The November NAB Business Survey

The latest NAB business survey shows further weakness in business conditions. NAB’s Ivan Colhoun talks through the findings.

Pound pummelled as May delays

Theresa May backs off from the vote on her Brexit deal. I talk to NAB’s Tapas Strickland about how it was felt in the pound. Plus, why is oil back on the slide?

Weak jobs data, trade tensions and a Brexit to nowhere

Weaker than expected US payrolls data saw a swift market reaction on Friday. NAB’s Ray Attrill says it has filtered through to the Aussie dollar this morning at the start of what looks set to be another choppy week.

Markets dive on Huawei arrest and OPEC indecision

No consensus at OPEC, a Huawei arrest and a weakening economy all impact equities and bond yields – but NAB’s David de Garis wonders whether the market mood actually reflects how the US economy is travelling.

China’s Q&A, May’s legal advice and Australia’s GDP

Markets are buoyed by China’s optimism on a trade deal, whilst legal advice might have put paid to Theresa May’s Brexit plans. I talk to NAB’s Ray Attrill ahead of the OPEC meeting, and the day after those Aussie GDP numbers.

Who’s next for a debt crisis?

Steve Keen says we’re already seeing the consequences of the fall in Australian house prices. But will it lead to a recession? Could the consequences really be called a crisis, or will the economy absorb the shock?

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